EU Considers Imposing Tariffs on Chinese PHEVs
The European Union is reportedly considering new tariffs on plug-in hybrid electric vehicles (PHEVs) imported from China. The move comes as European officials continue to examine the growing presence of Chinese automakers in the region and the impact their vehicles may have on local manufacturers. China has become the world's leading market for electric vehicles and other plug-in vehicles. The country accounts for a large share of global electric vehicle sales, and demand for cleaner transportation continues to rise. Thanks to massive production volumes and intense competition among manufacturers, Chinese automakers have been able to lower production costs and offer…